Constellation Brands - STZ Stock Forecast, Price & News

Constellation Brands, Inc., together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands. The company offers wine under the 7 Moons, Cook's California Champagne, Cooper & Thief, Crafters Union, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, The Dreaming Tree, Charles Smith, The Prisoner Wine Company, Robert Mondavi, My Favorite Neighbor, and Schrader; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson's Green Brier, and SVEDKA brands. It provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $250.87 on Friday. Constellation Brands has a 12 month low of $207.35 and a 12 month high of $261.52. The company has a current ratio of 1.40, a quick ratio of 0.70 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $241.05 and a two-hundred day simple moving average of $237.51. The firm has a market capitalization of $46.36 billion, a P/E ratio of 37.90, a P/E/G ratio of 2.10 and a beta of 1.02.

Constellation Brands (NYSE:STZ - Get Rating) last released its quarterly earnings data on Thursday, June 30th. The company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.51 by $0.15. Constellation Brands had a return on equity of 17.19% and a net margin of 12.72%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the company earned $2.33 EPS. Constellation Brands's revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities analysts forecast that Constellation Brands will post 10.91 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Tuesday, August 9th. Constellation Brands's dividend payout ratio is presently 14.05%.

Analyst Ratings Changes

STZ has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Constellation Brands from $248.00 to $240.00 and set a "hold" rating for the company in a research note on Friday, July 1st. The Goldman Sachs Group reissued a "buy" rating and set a $275.00 price objective on shares of Constellation Brands in a research report on Wednesday, June 29th. StockNews.com raised shares of Constellation Brands from a "hold" rating to a "buy" rating in a research report on Monday, June 20th. Redburn Partners assumed coverage on shares of Constellation Brands in a research report on Wednesday, July 13th. They set a "buy" rating for the company. Finally, UBS Group lowered their price objective on shares of Constellation Brands from $285.00 to $270.00 and set a "buy" rating for the company in a research report on Tuesday, June 21st. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Constellation Brands currently has a consensus rating of "Moderate Buy" and a consensus target price of $272.19.

Insider Buying and Selling at Constellation Brands

In related news, Director Daniel J. Mccarthy sold 1,682 shares of Constellation Brands stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $246.79, for a total transaction of $415,100.78. Following the transaction, the director now owns 3,232 shares in the company, valued at $797,625.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Robert Sands sold 1,427,799 shares of the company's stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $242.81, for a total value of $346,683,875.19. Following the sale, the insider now owns 550,214 shares in the company, valued at approximately $133,597,461.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Mccarthy sold 1,682 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $246.79, for a total value of $415,100.78. Following the transaction, the director now directly owns 3,232 shares in the company, valued at approximately $797,625.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,612,813 shares of company stock valued at $391,613,819. Company insiders own 16.19% of the company's stock.